Majority Preferred Holders definition

Majority Preferred Holders means the holders of 50% or more of the voting power of the outstanding Preferred Shares (voting together as a single class and on an as converted basis). For the purpose of this definition, the Preferred Shares to be issued to a Deemed Holder shall be deemed issued and outstanding.

Majority Preferred Holders means the holders of at least fifty percent (50%) of the then outstanding (i) Series X-0, X-0 xxx X-0 Xxxxxxxxx Xxxxxx, (xx) Series B Preferred Shares held by Matrix only, (iii) Series C Preferred Shares held by Matrix only, and (iv) Series D Preferred Shares, voting together as a single class, including any Ordinary Shares issued or issuable upon conversion of the foregoing.

Majority Preferred Holders means the holders of at least 75% of the voting power of the then outstanding Preferred Shares (voting together as a single class and calculated on an as-converted basis).

Examples of Majority Preferred Holders in a sentence

• If the Preferred Shareholders shall reasonably and in good faith disagree with such determination by the Company, then the Company and the Majority Preferred Holders shall jointly appoint an internationally recognized investment banking firm (failing agreement within ten (10) Business Days, such firm shall be appointed by the Chairman of the Hong Kong Institute of Certified Public Accountants), which shall give their opinion as to the appropriate adjustment, if any, on the basis described above.

• Except for holding the interest in its Subsidiaries, the Company shall not engage in any business or operations without the consent of the Majority Preferred Holders.

• Any term of this Agreement may be amended and the observance of any term of this Agreement may be waived (either generally or in a particular instance and either retroactively or prospectively), only with the written consent of each of (i) the Company, (ii) holders representing majority of the voting power of the Common Shares, (iii) the Majority Preferred Holders, and (iv) the Majority Preferred F Holders.

• This Agreement and the rights and obligations herein may not be assigned by any of the Group Companies without the prior written consent of the Majority Preferred Holders.

• Unless with the prior written consent of the Majority Preferred Holders, each Founder (a) shall devote his full time and attention to the business of the Group Companies, shall not manage, work for or render service for Nanjing Yunshijie Information Technology Co., Ltd.

More Definitions of Majority Preferred Holders

Majority Preferred Holders means the holders of more than fifty percent (50%) of the voting power of the outstanding Preferred Shares (if any, voting together as a single class).

Majority Preferred Holders means, collectively, the Majority A Holders, the Majority B Holders, the Majority C Holders and the Majority D Holders.

Majority Preferred Holders means the Majority Series Angel Holders, the Majority Series A Holders, the Majority Series A+ Holders, the Majority Series B Holders, the Majority Series C Holders, the Majority Series C+ Holders, the Majority Series C++ Holders, the Majority Series D Holders and the Majority Series E Holders.

Majority Preferred Holders means the holders holding Preferred Shares representing at least 51% of the total voting power of the Preferred Shares, determined on an As-If Converted Basis.

Majority Preferred Holders means, at any time, the holders of a majority of the Preferred Membership Interests then outstanding.

Majority Preferred Holders means the holders of more than fifty percent (50%) of the voting power of the then outstanding Preferred Shares (voting together as a single class and calculated on an as-converted basis).

Majority Preferred Holders means the holders representing at least seventy-five percent (75%) in interest of the outstanding Preferred Shares, on an as-converted basis; provided, that in each circumstance where the consent or vote of the Majority Preferred Holders is required under this Agreement in order to approve or otherwise take an action, if such action would adversely affect any Shareholder or class of Preferred Shares as compared to the other Shareholders or classes of Preferred Shares, as the case may be, then such action shall require the consent of such adversely affected Shareholder or class of Preferred Shares, provided that the Series F-1 Preferred Shares and the Series F-2 Preferred Shares shall be treated as a single class in terms of seeking consent from the Majority Preferred Holders.